Hi Guys
As you remember my last ETH analyse i said there that i don't want to see this support line broken and i even had expect to ETH make another attempt to break resistance above but it didn't try to reach there with BTC Bounces, so i understand that ETH just love to drop with BTC.In my believe when someone or something just enter a game with goal to not lose,he will lose but if he enter with goal of winning maybe he win at the end.With this belief check chart of ETH,you can see it resting above the resistance for a miracle,but instead of it we formed a head and shoulder there for breaking support.
As you see H&S worked correctly but it have lower targets,indeed.I am certain that with next BTC's push down,we will break this support easily and first stop will be 433,easily and if BTC decide to to start new downward we will see ETH new low ,soon.Now all EMAs are resistance for ETH,it's need just BTC push for even reach $350.Even we are near to reach our RSI resistance line,need a reversal ASAP.
It's really sad to see one of best coins out there in this misery,but hope to see one day soon,All Alts and assets walk in own path with independence.
I will update this soon.
Good Luck
Peyman A
As you remember my last ETH analyse i said there that i don't want to see this support line broken and i even had expect to ETH make another attempt to break resistance above but it didn't try to reach there with BTC Bounces, so i understand that ETH just love to drop with BTC.In my believe when someone or something just enter a game with goal to not lose,he will lose but if he enter with goal of winning maybe he win at the end.With this belief check chart of ETH,you can see it resting above the resistance for a miracle,but instead of it we formed a head and shoulder there for breaking support.
As you see H&S worked correctly but it have lower targets,indeed.I am certain that with next BTC's push down,we will break this support easily and first stop will be 433,easily and if BTC decide to to start new downward we will see ETH new low ,soon.Now all EMAs are resistance for ETH,it's need just BTC push for even reach $350.Even we are near to reach our RSI resistance line,need a reversal ASAP.
It's really sad to see one of best coins out there in this misery,but hope to see one day soon,All Alts and assets walk in own path with independence.
I will update this soon.
Good Luck
Peyman A
Comment:
See BTC's power.
Comment:
Yeah,This is what i said before.
Trade closed: target reached:
So this is it,one touch with lower prices than 400 and a quick bounce back.Be careful now,next BTc's push will decide for ETH.
Trade closed: target reached:
As i said,you will lose when you don't want to win.
